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Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.
ADB’s outlook pegged a decline in inflation, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 per cent inflation for Asia’s developing economies and 3.4 per cent in 2024.
Developing Asia is on track to grow faster in 2023 from a year earlier as strong consumption and investment offset the impact of weak global demand, the Asian…
Maintains growth forecast for FY24 at 2pc on assumption that govt continues reform and external, domestic conditions improve.
Steadily holding the economic growth target for 2023, the government has set a prime priority on boosting growth, with brand new solutions ordered to fuel enterprise performance.